special economic zones in india
Sai Krishna Muthyanolla
March 3, 2015
The Parliament is debating the amendment ordinance to the ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act’ (RFCTLARR). Land Acquisition has become a national subject for debate. It is important to understand if the land acquired for industrial purpose is actually put to use and to look at the related data. In this context, we bring you a series of stories discussing the issues & performance of Special Economic Zones in India based on the report of the Comptroller & Auditor General (CAG). Here is the first in that series, explaining the SEZ concept and other related facts.
Special Economic Zone (SEZ) is a special geographical region which has completely different laws when compared to other regions. SEZ’s enjoys tax breaks, simplified procedures, less regulations and restrictions, exemption from customs and duties, all of which is done to
Who can set up a SEZ?
Who monitors SEZs?
An appointed committee of State govt. representative or a Development Commissioner is responsible to monitor the performance of SEZ on annual basis.
The Life Cycle of a SEZ
State-wise distribution of approved SEZs (As on 21st January, 2015)
Here is the state wise distribution of SEZs.
The Top 10 states in terms of SEZ approvals are
Here is the complete list of SEZs that are formally approved & those that are notified.
Total land for these SEZs
1 Hectare = 2.47 acres
Total investment in SEZs in Rs Crores (As on 30th September, 2014)
Total employment in SEZs in terms of number of people (As on 30th September, 2014)
Data Source: www.sezindia.nic.in